Australia | Border reopening progress spurring migration recovery
After holding at an inflow of 246,300 p.a. over the four years to 2019, pandemic induced border restrictions are estimated to have pushed NOM to an outflow of 96,000 people in FY2021. NOM losses started to recede in the first half of 2021, with the pace of exits by temporary residents steadily easing. The Delta outbreak in New South Wales and Victoria resulted in a setback from July to October.
What you will learn:
- With the cap on international arrivals (excl. New Zealand) halving from 6,370 to 3,185 per week from mid-July, a sustained net outflow over the second half of 2021 is expected.
- Internal migration to regional Australia is expected to hold at an elevated base over the next few years, while net interstate migration (NIM) to Queensland has been upgraded, reaching an estimated net inflow of 35,000 in FY2022.
- Uncertainty is high, with road bumps to be expected throughout the reopening process. Given the announcements made over the past month, and significant stored demand to migrate to Australia, near-term risk has tilted further to the upside.
Inflation – not past the peak and easing will be gradual for France
France has dodged soaring price pressures better than its eurozone peers, but we think its inflation will fall more slowly.Find Out More
Answering the questions in our US forecasters’ inbox
In this new quarterly Research Briefing series, we answer the top five questions we've recently received from clients.Find Out More